Market Overview

In my last piece I mentioned the importance of doing more than just buying and holding stocks and/or mutual funds. Nothing wrong with putting some money into the market and leaving it there. But if...

October RumorsAmidst the tumultuous run in equities over the last week, traders pared expectations of a September liftoff for the Federal Reserve as weak inflation coupled with worsening external...

Monitoring purposes SPX: long SPX on 8/21/15 at 1970.89. Monitoring purposes Gold: Flat Long-Term Trend monitor purposes: Flat It appears a bear market has started. The above charts will help to...

US stocks finished lower on Tuesday, erasing morning gains as selling accelerated at the close of trading session. The dollar recovered some of its previous day loss, the ICE US dollar index, a...

Lagging LoonieCalm returned to markets on Tuesday and the greenback has recovered all the ground lost since the start of the week. Impressive economic indicators, including Consumer Confidence and...

China’s turbulent stock markets slipped again on Wednesday, as a double-barrelled blast of central bank stimulus failed to convince investors of Beijing’s ability to jolt the world’s...

“The typical Dow stock now trades for 15.5x this year’s earnings and 14.0x next year. Not cheap, but no longer the 18x earnings we had with the Dow at +18,000. Dividend yields – and...

China cuts ratesThe next shoe to drop in China following Monday’s market performance was always going to a be a policy shift, but who from? Yesterday’s cut in interest rates from the...

The inability of the US stock market to sustain gains following the Chinese rate cut has left the market unsettled. Similarly, despite early gains, Chinese stocks finished lower, with the losing...

Giles Jewitt’s FX Derivatives Trader School (Wiley, 2015) is a first-rate book, intended for serious, numerate readers. (And by ‘numerate’ I don’t mean math Ph.D.s, only those...

EUR/USDCurrent level - 1.1482 The consolidation pattern below 1.1713 is still underway, do I favor another leg downwards, to 1.1296 support zone. Key resistance lies at...

Traders made a sharp U-turn as the PBoC cut the RRR and the lending rate to curb the sell-off in Chinese stock markets. Chinese stocks were better bid in Asia but gains remained contained as the...

Forex News and EventsJapan: inflation target set to be lowered (by Yann Quelenn) Against all odds, Japan’s PPI Services came in above expectations at 0.6% year-on-year for July. The move is very...

Market BriefIn a surprise move the PBoC lowered borrowing costs, by cutting the 1-year lending rate by 25bps to 4.60% and the 1-year deposit rate by 25bps to 1.75%, and trimmed the reserve requirement...